7 Nov 2023drilling result▲ Good
Assays confirm the parallel zone 300m east: GEM23-075 had 1.5m at 0.2% U3O8 and 0.5m at 3.8% copper. A boulder 18km southwest assayed 0.39% U3O8. Ground geophysics is planned ahead of the next drilling.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
13 Sept 2023drilling result▲ GoodMajor
Summer program finished at Gemini (3,659m). Hole GEM23-072A hit 17.6m at 0.43% eU3O8 in the main zone, now defined over 250m x 290m. Last hole GEM23-075 found a new parallel structure 300m east with 2.2m at 0.08% eU3O8.
14 Aug 2023drilling spud● Neutral
Drilling has started at Gemini with two rigs on the 4,000m program: one at the known mineralised zone, one on the untested western trend. Runs to end September. The company now lists 57 claims in 10 projects.
8 Aug 2023drilling spud● Neutral
Crews and two rigs are mobilising for a new 4,000m Gemini drilling program, running to end September, targeting extensions of the 9.66% U3O8 zone and the 280m-north uranium. Serdar Donmez, ex-Denison, replaces Kanan Sarioglu as VP Exploration.
13 June 2023drilling result▲ Good
A ground EM survey at the Clover project, 65km northwest of Gemini, found three conductors at the intersection of two key structural trends. They are interpreted as graphitic zones and drill targets; drill planning is under way. No drilling yet.
4 May 2023drilling result▲ GoodMajor
Final winter assays: GEM23-061 returned 1.47% U3O8 over 5.0m including 9.66% over 0.5m, the best grade at Gemini to date. Also 5.2 g/t gold over 2.5m 280m north, and dravite 1km north. Company says results warrant a significant follow-up program.
27 Mar 2023drilling result▲ GoodMajor
Winter 2023 program finished at Gemini. Holes 65m south of the discovery hit GEM23-061: 3.8m at 1.3% eU3O8 (6.0% over 0.5m) and GEM23-063: 14.4m at 0.3%. Mineralisation now over 490m x 240m (the text also cites 250m x 240m) and open; follow-up drilling planned.
9 Feb 2023drilling spud▲ GoodMajor
Winter 2023 drilling has started at Gemini: an initial 4,000m program. It will step out 60m southeast of the GMZ, test look-alike targets along the 2.8km trend, and drill an area 8km away. Portfolio is now 40 claims in seven projects, including Wormboiler.
18 Jan 2023drilling scheduled▲ Good
Geophysics identified several look-alikes of the GMZ along a 2.8km fold trend, including a 600m conductor north of the GMZ. None have been drilled. These targets will be drilled in the winter program, with 4,000m due in early February.
1 Dec 2022drilling result● Neutral
Lab results for all four maiden Tower holes show only weak anomalous uranium, up to 570 ppm U3O8 (0.057%) in TOW22-004, which is far below the radioactivity readings' hype. Dravite, a mineral found near big Athabasca deposits, was identified. The company wants more drilling; the eastern corridor remains untested.
23 Nov 2022drilling result▲ Good
Final summer assays for all 21 GMZ holes, including GEM22-042 at 56.5m at 0.28% U3O8 and 3.5m at 0.83% in GEM22-045A. About 40% of holes had individual assays of 1.0% or more; hit rate now 87%. Drone magnetic and electromagnetic geophysics is complete, with results due.
17 Oct 2022drilling result▲ GoodMajor
Maiden Tower program finished: 1,919m in four holes, three with elevated radioactivity. The final hole TOW22-004 peaked at 960 cps. Handheld readings only, not assays; lab results are due within eight weeks. The eastern corridor was not drilled; further drilling is planned.
5 Oct 2022drilling result▲ Good
Early Tower results: elevated radioactivity in two of the first three holes, peaking at 829 cps on a handheld scintillometer at 414.5m, in altered basement rock. These are not assays; a fourth hole is under way to follow up.
19 Sept 2022drilling spud● NeutralMajor
Drilling has started at Tower, 10km from Cigar Lake: about 1,600m (up from the 1,500m planned) of diamond drilling testing five targets in two structural corridors. This is the maiden program at the company's second project. Gemini follow-up is planned for early 2023.
25 Aug 2022drilling result▲ GoodMajor
First summer chemical assays (6 of 21 GMZ holes): GEM22-025 returned 43.0m at 0.62% U3O8, including 6.0m at 2.17% within 18.0m at 1.16%, the highest-grade GMZ interval so far. These confirm the earlier probe estimates; GMZ remains open. Winter 2022/23 follow-up planned.
18 Aug 2022drilling result▲ GoodMajor
Summer program finished: 7,160m in 25 holes. 17 of 21 GMZ holes hit mineralisation, including GEM22-042 with 49.9m composite (3.6m at 0.9% eU3O8). The GMZ is now defined over 220m by 200m and remains open. Chemical assays due in 6-8 weeks.
1 Aug 2022drilling scheduled▲ Good
A maiden 1,500m drill program at the Tower project, about 10km from the Cigar Lake mine, is planned for mid-September 2022 after Gemini drilling ends. Tower has only four historical holes. This begins testing the company's second project.
26 July 2022drilling scheduled▲ Good
Summer Gemini program extended by 1,200m to 7,200m, with about 2,966m left to drill, focused on expanding the GMZ. Follows the 41.8m at 0.5% eU3O8 result. Completion expected by end of August 2022.
25 July 2022drilling result▲ Good
Probe results for further summer holes: 12 of 14 summer holes have hit mineralisation. GEM22-037 has 34.2m composite starting 65m below surface, and mineralisation begins as shallow as 60m. The GMZ stays open in several directions; chemical assays still awaited.
18 July 2022drilling result▲ Good
Final winter assays: GEM22-006 returned 8.0m at 0.25% U3O8 (including 1.0m at 0.78%) and 5.0m at 0.14%. Nine of 12 winter GMZ holes hit mineralisation. This completes winter assays; the best winter results were already reported in May.
1 July 2022drilling result▲ GoodMajor
Calibrated gamma probe readings for GEM22-025 give 41.8m at 0.5% equivalent U3O8, including 6.4m at 2.0%, the best GMZ interval yet. GEM22-027 and 029 show the thickest zones (68.7m and 48.7m composite). These are probe estimates, not assays; assays due in 4-6 weeks.
17 June 2022drilling result▲ GoodMajor
First summer hole results: GEM22-025 cored 47.0m of continuous radioactivity averaging 2,366 cps, with a peak of 26,100 cps, the strongest at the GMZ so far (winter best 7,860 cps). Hand-held readings, not assays; the hole was still drilling.
2 June 2022drilling spud▲ Good
Summer 2022 drilling at Gemini is set to start 10 June, an initial 6,000m using the same two Bryson rigs. It prioritises the up-dip area southwest of GEM22-019 and GEM22-022, plus tests at GMX, Camp West and Wilfried.
13 May 2022drilling result▲ GoodMajor
First assays confirm the GMZ radioactivity: GEM22-022 returned 17.0m at 0.38% U3O8, including 1.0m at 1.06%; GEM22-019 had 0.5m at 1.73%. This is far above discovery hole GEM-004 (5.5m at 0.12%). Eight GMZ holes still await assays; 6,000m summer program starts in June.
6 Apr 2022drilling result▲ GoodMajor
Winter program finished: 19 holes, 5,378m. Final four GMZ holes hit the strongest radioactivity yet, up to 15,780 cps over 22m in GEM22-019; 11 of 12 GMZ holes were radioactive. Zone spans 230m by 80m, open in all directions. Hand-held readings; assays due in 1-2 months, summer drilling in June.
7 Mar 2022drilling result▲ GoodMajor
Three new GMZ holes hit elevated radioactivity, including 14m of composite readings up to 2,230 cps in GEM22-006; the zone now spans 84m across strike. These are hand-held readings, not assays. A Camp West hole found nothing; 5,500m of drilling remains.
10 Feb 2022drilling spud▲ GoodMajor
The Gemini winter drill program has started, with two rigs on site and drilling due to begin that weekend. One rig follows up the GEM-004 discovery; the other tests the 1.8km northern trend, Camp West and Wilfried. The initial plan is 6,600m.
23 Nov 2021drilling scheduled▲ GoodMajor
A 6,600m winter drill program at Gemini is set for January 2022, mostly following up the GEM-004 discovery, plus a 1.8km trend to the north and two other targets. Bryson Drilling is contractor; the program is permitted. This firms up the January-March plan.
20 Sept 2021drilling result▲ GoodMajor
Assays confirmed a discovery at Gemini: GEM-004 returned 5.5m at 0.12% U3O8, including 1.0m at 0.28%, from about 190m depth. The zone is open in all directions. This resolves the 1 September radioactivity result; follow-up drilling is planned for the January-March winter season.
1 Sept 2021drilling result▲ GoodMajor
Hole GEM-004 hit 5.3m of elevated radioactivity (averaging 760 cps, including 0.7m at 1,500 cps) about 190m deep at Gemini. Readings are from a hand-held device, not assays; assays are due in about four weeks. Drilling paused and seven claims (122 sq km) staked.